Car parts maker Tomkins files for IPO - Reuters
Tomkins Plc, a manufacturer of auto parts and building products that was taken private in 2010 in a US$5 billion leveraged buyout, filed for an initial public offering in the United States on Monday under the name Gates Global Inc. In the filing, Gates proposed to raise up to US$100 million in the IPO. The amount of money a company says it plans to raise in its first IPO filing is used to calculate registration fees. The final size of the IPO could vary. Reuters first reported last month, based on sources familiar with the matter, that Onex Corp and the Canada Pension Plan Investment Board, or CPPIB, were exploring a sale of Tomkins that could value it at as much as US$7 billion.
2 January 2014•2 mins read
